HighRoads ACA/ERISA Communications Compliance Service, powered by PBMS, allows companies to distribute their employee health care benefits communications in both digital and hard-copy formats, and enables a conversion to digital delivery.
In the wake of the passage of the Patient Protection and Affordable Care Act (ACA), self-insured employers and benefits managers are now required to provide their members with the new Summary of Benefits & Coverage (SBC) at least 60 days in advance of all plan design changes starting September 23, as well as the previously required Summary Plan Description (SPD) documents. For mid-sized to large enterprises, this is a significant challenge and expense to update, manage and distribute legally required materials to plan participants and beneficiaries, the companies explained.
The joint HighRoads and Pitney Bowes solution automates this daunting task and supports compliance with federal regulations.
“We are delighted to partner with HighRoads to deliver this innovative and timely service that helps companies better communicate and inform their employees of their health care benefits and plan options,” said Patrick Fogarty, vice president and commercial sector leader, Pitney Bowes Management Services.